PUBLIC STORAGE PSA
COM · REIT · CUSIP 74460D109 · ISIN US74460D1090
US international self storage company
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersFrisco, TX
- Founded1972
- Websitepublicstorage.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($162.8m this quarter). Holder counts are more reliable. Shares outstanding: 175.4m as of 2025-04-23, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $298.56. Options: 16 managers hold calls ($57.1m notional), 18 hold puts ($62.0m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 934 |
| Q4 2022 | 957 |
| Q1 2023 | 948 |
| Q2 2023 | 985 |
| Q3 2023 | 980 |
| Q4 2023 | 1,064 |
| Q1 2024 | 1,069 |
| Q2 2024 | 1,071 |
| Q3 2024 | 1,136 |
| Q4 2024 | 1,135 |
| Q1 2025 | 1,149 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 478 | 390 |
| Q3 2023 | 451 | 428 |
| Q4 2023 | 502 | 436 |
| Q1 2024 | 547 | 417 |
| Q2 2024 | 527 | 450 |
| Q3 2024 | 558 | 467 |
| Q4 2024 | 482 | 530 |
| Q1 2025 | 575 | 459 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $77.0m | $106.8m | 1.39 |
| Q3 2024 | $90.8m | $107.5m | 1.18 |
| Q4 2024 | $82.1m | $67.5m | 0.82 |
| Q1 2025 | $57.1m | $62.0m | 1.09 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +475.3k |
| COHEN & STEERS, INC. | Added | +272.5k |
| Qube Research & Technologies Ltd | Added | +214.2k |
| Heitman Real Estate Securities LLC | Added | +153.7k |
| VANGUARD GROUP INC | Added | +143.6k |
| DEUTSCHE BANK AG\ | Added | +138.5k |
| Daiwa Securities Group Inc. | Added | +126.8k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Added | +103.4k |
| STATE STREET CORP | Added | +102.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +95.1k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.3m |
| Capital World Investors | Reduced | -848.9k |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -359.5k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -267.1k |
| Capital International Investors | Reduced | -266.5k |
| BlackRock, Inc. | Reduced | -199.5k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -172.0k |
| MACKENZIE FINANCIAL CORP | Reduced | -141.1k |
| Lansforsakringar Fondforvaltning AB (publ) | Reduced | -122.6k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -110.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $18.3m61.2k shares |
| UBS Group AG | Added | $6.6m22.0k shares |
| CITADEL ADVISORS LLC | Reduced | $6.3m21.1k shares |
| IMC-Chicago, LLC | New | $5.1m17.2k shares |
| PUFF WEALTH MANAGEMENT, LLC | New | $4.8m16.2k shares |
| WOLVERINE TRADING, LLC | Added | $3.9m13.3k shares |
| Twin Tree Management, LP | Reduced | $3.5m11.7k shares |
| SIMPLEX TRADING, LLC | Added | $2.6m8.6k shares |
| JANE STREET GROUP, LLC | Reduced | $1.9m6.2k shares |
| Allianz Asset Management GmbH | Added | $1.6m5.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $20.8m69.4k shares |
| UBS Group AG | Added | $13.4m44.8k shares |
| Caption Management, LLC | New | $11.0m36.6k shares |
| CITADEL ADVISORS LLC | Reduced | $5.0m16.7k shares |
| JANE STREET GROUP, LLC | Added | $2.8m9.3k shares |
| Allianz Asset Management GmbH | Added | $2.3m7.8k shares |
| WOLVERINE TRADING, LLC | Added | $1.7m5.8k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $838.0k2.8k shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $748.2k25 shares |
| GARDA CAPITAL PARTNERS LP | New | $628.5k2.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.8% |
| Capital International Investors 13G · institution new · filed 2026-08-12 | 5.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 4 | $32.4m | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 1 | $599.5k | 1 | $109.7k | — |
| Q3 2024 | 0 | — | 1 | $136.0k | — |
| Q4 2024 | 0 | — | 1 | $143.1k | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 20.7m $6.2bn | Added +143.6k |
| BlackRock, Inc. 0.11% of their portfolio | 16.8m $5.0bn | Reduced -199.5k |
| STATE STREET CORP 0.13% of their portfolio | 10.5m $3.1bn | Added +102.0k |
| COHEN & STEERS, INC. 3.16% of their portfolio | 5.7m $1.7bn | Added +272.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.17% of their portfolio | 4.6m $1.4bn | Reduced -1.3m |
| FMR LLC 0.08% of their portfolio | 4.3m $1.3bn | Added +48.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.10% of their portfolio | 4.1m $1.2bn | Added +95.1k |
| NORGES BANK 0.13% of their portfolio | 3.1m $920.6m | Reduced -34.0k |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 3.1m $913.8m | Reduced -39.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.17% of their portfolio | 3.0m $894.2m | Added +30.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.16% of their portfolio | 2.8m $848.4m | Added +34.7k |
| NORTHERN TRUST CORP 0.11% of their portfolio | 2.5m $762.1m | Added +69.9k |
| APG Asset Management US Inc. 4.95% of their portfolio | 2.2m $645.8m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.16% of their portfolio | 2.1m $638.8m | Added +12.2k |
| Legal & General Group Plc 0.16% of their portfolio | 2.0m $584.6m | Added +23.5k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.93% of their portfolio | 1.8m $530.7m | Added +66.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.14% of their portfolio | 1.8m $530.0m | Added +68.5k |
| MORGAN STANLEY 0.03% of their portfolio | 1.6m $479.1m | Reduced -65.9k |
| DEUTSCHE BANK AG\ 0.18% of their portfolio | 1.5m $462.8m | Added +138.5k |
| Daiwa Securities Group Inc. 1.54% of their portfolio | 1.2m $364.6m | Added +126.8k |
| AMERIPRISE FINANCIAL INC 0.10% of their portfolio | 1.2m $359.5m | Added +2.8k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 1.2m $348.7m | Added +475.3k |
| Invesco Ltd. 0.06% of their portfolio | 1.1m $334.2m | Added +17.3k |
| Russell Investments Group, Ltd. 0.45% of their portfolio | 1.1m $325.2m | Added +88.7k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 1.1m $321.9m | Reduced -22.0k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 919.0k $275.0m | Added +20.5k |
| Capital International Investors 0.05% of their portfolio | 917.9k $274.7m | Reduced -266.5k |
| Nuveen, LLC 0.08% of their portfolio | 906.1k $271.2m | First filing |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 906.0k $271.2m | Reduced -15.4k |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.67% of their portfolio | 862.9k $258.3m | Added +103.4k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 791.7k $237.0m | Reduced -38.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio | 754.7k $225.9m | Reduced -14.5k |
| AMERICAN CENTURY COMPANIES INC 0.14% of their portfolio | 750.8k $224.7m | Added +88.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.21% of their portfolio | 738.7k $221.1m | Reduced -359.5k |
| NEUBERGER BERMAN GROUP LLC 0.18% of their portfolio | 730.7k $218.7m | Reduced -267.1k |
| California Public Employees Retirement System 0.15% of their portfolio | 726.5k $217.4m | Reduced -21.3k |
| MONTRUSCO BOLTON INVESTMENTS INC. 2.72% of their portfolio | 715.0k $207.2m | Added +52.3k |
| Amundi 0.08% of their portfolio | 712.9k $210.1m | Reduced -66.9k |
| Clearbridge Investments, LLC 0.17% of their portfolio | 663.1k $198.4m | Added +9.0k |
| HSBC HOLDINGS PLC 0.13% of their portfolio | 662.9k $198.2m | Added +11.9k |
| PRUDENTIAL FINANCIAL INC 0.24% of their portfolio | 569.0k $170.3m | Reduced -44.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.84% of their portfolio | 524.1k $156.9m | Reduced -17.1k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 505.1k $151.2m | Added +21.4k |
| CANADA LIFE ASSURANCE Co 0.25% of their portfolio | 467.1k $140.1m | Added +41.5k |
| SEI INVESTMENTS CO 0.17% of their portfolio | 454.2k $135.9m | Added +29.2k |
| National Pension Service 0.13% of their portfolio | 452.7k $135.5m | Added +42.1k |
| Swiss National Bank 0.09% of their portfolio | 444.7k $133.1m | Reduced -200 |
| MACQUARIE GROUP LTD 0.16% of their portfolio | 440.2k $131.7m | Added +9.6k |
| AEW CAPITAL MANAGEMENT L P 6.32% of their portfolio | 432.1k $129.3m | Reduced -7.3k |
| UBS Group AG 0.03% of their portfolio | 421.3k $126.1m | Reduced -42.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 392.8k $117.5m | Added +34.1k |
| Qube Research & Technologies Ltd 0.18% of their portfolio | 386.2k $115.6m | Added +214.2k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 384.9k $115.2m | Added +16.0k |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 377.6k $111.1m | Reduced -53.5k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC 4.83% of their portfolio | 368.9k $110.4m | Reduced -70.6k |
| HighTower Advisors, LLC 0.15% of their portfolio | 362.3k $108.4m | Added +7.1k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 351.4k $105.2m | Added +8.1k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.56% of their portfolio | 340.0k $101.8m | Added +76.4k |
| Aberdeen Group plc 0.19% of their portfolio | 333.8k $99.7m | Added +82.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.10% of their portfolio | 333.3k $98.1m | Added +6.1k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.71% of their portfolio | 321.7k $96.3m | First filing |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.19% of their portfolio | 316.4k $94.7m | Reduced -14.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.34% of their portfolio | 311.1k $93.1m | Reduced -7.1k |
| Asset Management One Co., Ltd. 0.32% of their portfolio | 310.6k $93.0m | Added +3.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 310.2k $92.9m | First filing |
| Bank Julius Baer & Co. Ltd, Zurich 0.28% of their portfolio | 293.0k $87.1m | Added +30.7k |
| Heitman Real Estate Securities LLC 5.55% of their portfolio | 286.3k $85.7m | Added +153.7k |
| BARCLAYS PLC 0.04% of their portfolio | 281.0k $84.1m | Added +6.4k |
| NOMURA ASSET MANAGEMENT CO LTD 0.24% of their portfolio | 267.4k $80.0m | Added +12.3k |
| Adelante Capital Management LLC 0.34% of their portfolio | 250.8k $4.5m | Reduced -36.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 248.1k $74.2m | Added +633 |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 238.4k $71.4m | Added +569 |
| Point72 Asset Management, L.P. 0.20% of their portfolio | 236.8k $70.9m | Added +33.9k |
| Retirement Systems of Alabama 0.27% of their portfolio | 231.1k $69.2m | Reduced -1.9k |
| Capital World Investors 0.01% of their portfolio | 225.0k $67.3m | Reduced -848.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.15% of their portfolio | 224.2k $67.1m | Added +1.9k |
| Allspring Global Investments Holdings, LLC 0.11% of their portfolio | 215.1k $64.3m | Added +58.1k |
| Caisse de depot et placement du Quebec 0.13% of their portfolio | 210.3k $62.9m | Added +14.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.09% of their portfolio | 207.4k $62.1m | Reduced -12.5k |
| Allianz Asset Management GmbH 0.09% of their portfolio | 203.3k $60.8m | Added +74.0k |
| KBC Group NV 0.19% of their portfolio | 202.3k $60.5m | Reduced -1.8k |
| TD Asset Management Inc 0.05% of their portfolio | 194.1k $58.1m | Reduced -9.1k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 183.4k $54.9m | Reduced -4.1k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 182.2k $54.5m | Reduced -27.2k |
| CITIGROUP INC 0.04% of their portfolio | 181.1k $54.2m | Added +59.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 163.7k $49.0m | Reduced -4.1k |
| PGGM Investments 0.62% of their portfolio | 153.0k $45.8m | Reduced -26.4k |
| Artisan Partners Limited Partnership 0.07% of their portfolio | 151.2k $45.2m | Added +1.3k |
| NewEdge Advisors, LLC 0.27% of their portfolio | 151.1k $45.2m | Added +8.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 146.9k $44.0m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio | 146.0k $43.7m | Added +16.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.13% of their portfolio | 145.9k $43.7m | Added +9.2k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 138.4k $41.4m | Added +27.7k |
| GREAT LAKES ADVISORS, LLC 0.36% of their portfolio | 135.1k $40.4m | Added +4.7k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 134.2k $38.8m | Added +6.8k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 133.8k $40.1m | Reduced -31.6k |
| Perpetual Ltd 0.48% of their portfolio | 133.1k $39.8m | Added +33.6k |
| Hazelview Securities Inc. 6.93% of their portfolio | 127.3k $38.1m | Added +2.2k |
| Lansforsakringar Fondforvaltning AB (publ) 0.23% of their portfolio | 124.7k $37.3m | Reduced -122.6k |
| FEDERATED HERMES, INC. 0.08% of their portfolio | 124.6k $37.3m | Added +2.3k |